Hopefully the Apple Card stays around, it’s my daily driver CC and I really enjoy the interface and spending breakdowns it provides.
this post was submitted on 28 Nov 2023
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Same.
I'm hoping that with Goldman withdrawing, the partnership could be transferred to either American Express or perhaps JP Morgan. I don't see another company that can offer what Apple aims to achieve with the card.
Neither of those outfits are likely to adopt the kind of underwriting standards that Apple will want in place.
Nobody — even the subprime folks like Synchrony — is going to concede the interchange fee revenue that GS surrendered to Apple. That’s the truly shocking part of this story.
My bet is on Synchrony, in all honesty. I kinda hate them but I’ve had better experiences with them than GS. A lot of their problems come down to outdated technology and that’s something Apple will certainly fix for the Apple Card. A good partnership might even see Apple lend some expertise to Synchrony on their other products. Their account management system feels like it was designed in the 1990s on Web 1.0.
Still not paying that shit off, don’t have a job (health issues) they can fuck themselves ☠️
Smart!
/s
What always strikes me as odd is how the card is laser-etched, made of titanium, 3 times as heavy as a plastic card - which all sounds very exclusive - yet the guy with the 650 credit score can get one...??
because that 650 credit score person will spend more than they can afford on the card, get into a pile of debt, and be a customer until they die, trying to pay the card off
Yeah and on the other end, I have a great credit score and I was pretty insulted at how little of a credit limit they gave me.
It’s not odd at all when you consider 80% of Apple’s customer base is pretending to be the other 20%
So... safe to assume there will be no disruption to Apple Card users besides changes coming to the terms and conditions?
has also been looking into the possibility of taking over the credit-card program, some of the people said. "
Well, interest rates are gonna go up. Looks like I'd be canceling my card if it switches to them.
Well, crap. I have both the Apple card and a savings account with them through the card. I'm a little concerned right now.
Nothing to be concerned about. At the VERY WORST the accounts close, and you will have plenty of time to move your money elsewhere.
It would be nice for Apple Card to partner with a CC available in Canada.
Makes sense… with the 0% financing and never carrying a balance, I’ve probably been a net loss AC user for them.
CC companies hate people who pay their balance at the end of every month.
The bank, card network, and processor all make fees off every transaction. I charge ~$70,000 per year on my card while paying in full every month. I get ~$1,200 back as a reward. The various institutions split an average of 2.5% per swipe...or ~$1,750 (though probably higher).
No such thing as a free lunch, my friend. As you pay more on everything at retail as prices rise to cover.
Yep, good old processing and interchange fees. Someone has to pay them.